Marco Rubio cashed out nearly $70,000 in IRA savings last year, but he's not the only 40-something draining a retirement account. Leaks in retirement savings are common – worryingly so among low-income and minority savers.

Tax cuts for the bottom 90 percent of US earners tend to result in more output, employment, consumption, and investment growth than equivalently sized tax cuts for the top 10 percent, according to a new paper.

Restricting food stamps to use on certain foods is only fair if we put restrictions on dozens of other programs that assist people —to attend school, save for retirement, buy homes, take care of their children. Instead, let’s trust Americans to use that assistance as they see fit and not tell them how to live their lives.

A recent DOJ investigation into the city of Feguson and its police department highlighted a 'focus on revenue rather than … public safety needs.' Even among smaller American cities still recovering from the recession, such a focus is far from normal.

Tax fraud has grown to include a variety of ways for crooks to use the identities of innocent taxpayers to steal money. And it's happening just as the IRS is trying to make itself more accessible online, which could prove disastrous for taxpayers and the agency alike.

A small and almost unnoticed change in retirement savings rules requiring taxable distributions from 401(k)s could be a big help to middle-income seniors who want to preserve assets to pay for medical and long-term care costs in very old age.

A recent DOJ investigation into the city of Feguson and its police department highlighted a 'focus on revenue rather than … public safety needs.' Even among smaller American cities still recovering from the recession, such a focus is far from normal.

California desperately needs its residents and businesses to use less water. So rather than trying to curb water use through a complex maze of regulation, why not just raise the price though a new state-wide tax on all users?

A key change in the tax plan proposed by Senators Marco Rubio and Mike Lee would be very advantageous for low-income households compared with the original Lee plan and, to a lesser extent, current law.

The Medicare bill passed by Congress Thursday is an amalgam of temporary solutions to a host of health policy issues, special interest subsidies, and a promise of better health care for seniors. It may improve the way Medicare reimburses docs for the services they provide, but it won’t fix the problem.

Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane.

Republican Senators Marco Rubio and Mike Lee have introduced what should probably be thought of as the first major set of tax proposals in the 2016 Presidential election season. While their proposals are unlikely to be enacted, they hint at the troubling direction that tax reform debates seem to be headed.

Retirement income free of state taxes continues to seduce politicians, despite threadbare evidence that it would serve to lure seniors to their states. The idea of excluding pension income from state tax is misguided, but it's hardly new.